FPIs focus on capex and consumption themes
FPIs have invested nearly $5 billion in infrastructure segments including capital goods, and construction and related sectors and a similar amount in FMCG, consumer durables and telecom over the past twelve months. In addition, the automobile sector, which is considered as nondiscretionary, has attracted $3.26 billion of investment. The cumulative weight of infrastructure and consumption […]
Financials, capital goods & auto stocks net over 90% of FPI inflows in June
Almost 92% of FPIs inflow between June 1 and 15 went into just three sectors: financial services, capital goods, and auto, which have been favourites of overseas fund managers since the beginning of the year.
Higher rates needed to curb inflation: Powell
It may make sense to continue moving rates higher in the coming months, but at a more moderate pace, Powell said in response to lawmakers’ questions about the Fed’s plans. The timing of additional hikes will be based on incoming data, he said in his opening statement.
Sebi restricts 135 from accessing market over stock manipulation
The five companies referenced in the order are Mauria Udyog Ltd., 7NR Retail Ltd., Darjeeling Ropeway Company Ltd., GBL Industries Ltd. and Vishal Fabrics Ltd.